Assume a firm has a total debt ratio of $\mathrm{.}42.$ Accordingly, the firm has $$\mathrm{.}42$ in debt for every

Multiple Choice

a$)$ $$1\mathrm{.}42$ in total assets.

b$)$ $$1\mathrm{.}58$ in total assets.

c$)$ $$\mathrm{.}58$ in total equity.

d$)$ $$1\mathrm{.}42$ in total equity.

e$)$ $$1$ in total equity.